N Variances
o
I Material Variances
(1) Material Cost Variance (MCV)
(2) Material Price Variance (MPV)
Material Usage Variance (MUV)
(3)
(4) Material Mix Variance (MMV)
(a) Revised Standard Quantity
(RSQ)
(b) Revised Material Usage
Variance
(5) Materials Yield Variance (MYV)
Standar Rate
Verification
(1) Material Cost Variance
(2) Material Usage Variance
(3) Material Cost Variance
II Labour Variances
(1) Labour Cost Variance (LCV)
(2) Labour Rate Variance (LRV)
(3) Labour Efficiency Variance
(4) Labour Idle Time Variance
(5) Labour Mix Variance (LMV)
(a) When Standard & Actual
Time of the Labour Mix are
same
(b) When Standard & Actual
Time of Labour Mix are
different
Revised Standard Time
Verification
Total Labour Cost Variance
Total Labour Efficiency
Variance
III Overhead Variances
Essentials of Certain Terms:
(1) Standard Overhead Rate per unit
(2) Standard Overhead Rate per hour
(3) Standard Output for Actual Time
(4) When Output is measured in
Stantard Hours:
Recorded Overheads
When Output is measured in
units:
Absorbed Overhead
Formulas
(Standard Quantity x Standard Price) - (Actual Quantity x Actual Price) (or) =
(SQ x SP) - (AQ x AP)
Actual Quantity x (Standard Price - Actual Price) (or) = AQ (SP - AP)
Standard Price (Standard Quantity - Actual Quantity) (or) = SP (SQ - AQ)
Standard Price (Standard Quantity - Actual Quantity) (or) = SP (SQ - AQ)
Standard Unit Cost (Revised Standard Quantity - Actual Quantity)
(or) = SP (RSQ - AQ)
Total Weight of Actual Mix
Total Weight of Standard Mix
Total Weight of Actual Mix
Total Weight of Standard Mix
Material Price Variance + Material Usage Variance
Material Mix Variance + Material Yield Variance
Material Mix Variance + Material Price Variance + Material Yield Variance
(Standard Cost of Labour - Actual Cost of Labour) (or)
(Standard Rate x Standard Time for Actual Output) - (Actual Rate x Actual Time)
Actual Time Standard Rate - Actual Rate
Standard Rate Standard Time - Actual Time
Idle Hours x Standard Rate
Standard Cost of Standard Labour Mix - Standard Cost of Actunl Labour Mix
Standard Rate Revised Standard Time - Actual Time
Total Actual Time
x ActualTim e
Total Standard Time
Labour Rate Variance + Labour Efficiency Variance
Labour Efficiency Variance + Labour Idle Time Variance
Budgeted Overheads
Budgeted Output
Budgeted Overheads
Budgeted Hours
Budgeted Output
x Actual Hours
Budgeted Hours
Standard Rate Per Hour x Standard Hours for Actual Output
Standard Rate Per Unit x Actual Output in Units
 N Variances
o
(5) Budgeted Overhead
(6) Actual Overhead
(7) Standard Overhead
Overhead Variances
Overhead Cost Variance
(A) Variable Overhead Variances:
(1) Variabe Overhead Cost Variance
(2) Variable Overhead Expenditure
Variance
(3) Variable Overhead Efficiency
Variance
(B) Fixed Overhead Variances
(1) Fixed Overhead Cost Variance
(2) Fixed Overhead Expenditure
Variance (or) Budget Variance
(3) Fixed Overhead Volume
Variance
(4) Fixed Overhead Capacity
Variance
(5) Fixed Overhead Efficiency
Variance
(6) Fixed Overhead Calendar
Variance
IV Sales Variances
(A) Sales Value Method Variances
(1) Sales Value Variance
(2) Sales Price Variance
(3) Sales Volume Variance
(4) Sales Mix Variance
(5) Sales Quantity Variance
(B) Sales Margin or profit Methad of Variances
(1) Sales Margin Value Variance
(2) Sales Margin Volume Variance Standard Profit x (Standard Quantity - Actual Quantity)
(3) Sales Margin Price Variance
(4) Sales Margin Mix Variance
Formulas
Standard Rate Per Unit x Budgeted Output in Units (or)
= Standard Rate Per Hour x Budgeted Hours
Actual Rate Per Unit x Actual Output in Units (or)
= Actual Rate Per Hour x Actual Hours
Standard Rate Per Unit x Standard Output for Actual Time (or)
= Standard Rate Per Hour x Actual Hours
(Actual Output x Standard Overhead Rate per Unit)-Actual Overhead Cost '"
(or) = Standard hours for Actual Output x [Standard Overhead Rate Per Hour-
Actual Overhead Cost]
Standard Variable Overhead for Actual Output-Actual Variable Overhead
Actual Time (Standard Variable Overhead Rate per Hour Actual Variable
Overhead Rate per Hour) a (or)
= Standard Variable Overheads - Actual Variable Overheads
Standard Rate per Hour x (Standard Hours for Actual Production - Actual
Hours)
Actual Fixed Overhead - Standard Fixed Overhead for Actual Production
(or) = Actual Output Standard Fixed Overhead Rate per Hour - Actual Fixed
Overheads
(Budgeted Fixed Overheads) - (Actual Fixed Overheads)
Budgeted Fixed Overheads - Standard Fixed Overheads on Actual Production
Standard Fixed Overheads - Budgeted Fixed Overheads
(or) = Standard Fixed Overhead Rate per Hour x (Actual Hours Worked -
Budgeted Hours)
Standard Fixed Overhead Rate per Hour x (Standard Quantity - Actual
Quantity)
Standard Rate per Hour / per Day x Excess or Deficit Hours or Days Worked
Actual Value of Sales - Budgeted Value of Sales
Actual Quantity x (Standard Price - Actual Price)
Standard Price Actual Quantity of Sales - Budgeted Quantity of Sales
(Standard Value of Actual Mix) - (Standard Vaue of Revised Standard Mix)
Standard Selling Price Revised Standard Sales Ql,lantity - Budgeted Sales
Quantity
Budgeted Profit - Actual Profit (or)
(Budgeted Sales Quantity x Budgeted Profit Per Unit) - (Actual Quantity Sold
x Actual Profit per Unit)
Standard Profit - Actual Profit (Or)
Actual Quantity Sold Budgeted per Unit - Actual Profit per Unit
Standard Profit per Unit Revised standard Quantity - Actual Quantity)
ANALISIS VARIAN